Online On-demand Home Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40170

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The online on-demand home services market has the potential to grow by USD 4730.31 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 70.15%.

This online on-demand home services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report provides extensive insights on segmentation by service (home care and design, repair and maintenance, health, wellness and beauty, and others) and geography (APAC, North America, Europe, South America, and MEA). The online on-demand home services market report also offers information on several market vendors, including Alfred Club Inc., Amazon.com Inc., and ANGI Homeservices Inc., among others.

What will the Online On-demand Home Services Market Size be in 2021?

Online-On-demand-Home-Services-Market-Market-Size-2020-2025

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Online On-demand Home Services Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing number of start-ups entering market is notably driving the online on-demand home services market growth, although factors such as high competition among vendors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the online on-demand home services industry get your FREE report sample now.

  • Online on-demand home services encompass all digital marketplaces that offer convenient access to a wide range of home services.
  • Globally, online on-demand home services are gaining preference owing to their convenience and easy accessibility, flexibility for service providers in terms of working hours and working conditions, appointment scheduling, and ease of payment.
  • Business opportunities are expansive, and hence, there is considerable scope for the entry of start-ups.
  • Several startups are introducing attractive offers and interactive platforms to attract consumers. 
  • The increasing number of startups is expected to drive the growth of the online on-demand home services market during the forecast period.
  • The increasing influence of digital media is one of the significant online on-demand home services market trends.
  • Service visibility is one of the principal factors in the marketing strategies implemented by online on-demand home services providers.
  • Several online on-demand home service providers are widely adopting digital media marketing strategies to increase their service visibility and promote sales.
  • The decreasing availability of skilled labor and the use of age-old equipment by companies will drive the need to outsource servicing requirements. This has been encouraging vendors to use social media platforms such as Facebook and YouTube.
  • The social media platforms enable consumer engagement with popular brands and help in increasing consumer awareness about services offered by online on-demand home service brands.

This online on-demand home services market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Online On-demand Home Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alfred Club Inc.
  • Amazon.com Inc.
  • ANGI Homeservices Inc.
  • AskforTask Inc.  
  • ByNext Inc.
  • Helpling GmbH & Co. KG  
  • MyClean Inc.  
  • ServiceWhale Inc.
  • TaskRabbit Inc.
  • ServiceMaster Global Holdings Inc.

 

The online on-demand home services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the online on-demand home services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Online On-demand Home Services Market?

Online-On-demand-Home-Services-Market-Market-Share-by-Region-2020-2025

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38% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for online on-demand home services in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

The increasing number of smartphone and internet users, which makes online on-demand home services apps easily accessible will facilitate the online on-demand home services market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Service Segments in the Online On-demand Home Services Market?

Online-On-demand-Home-Services-Market-Market-Share-by-Service-2020-2025

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The online on-demand home services market share growth by the home care and design segment will be significant during the forecast period. The home care and design segment generate revenue from services such as interior designing, pest control, home deep cleaning, sofa cleaning, laundry services, glasswork, woodwork, waterproofing, masonry, and carpentry. The rise in the number of vendors offering home care and design services, coupled with the increasing business expansions in the segment, will contribute significantly to the growth of the online on-demand home services market during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the online on-demand home services market size.

 

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What are the Key Factors Covered in this Online On-demand Home Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive online on-demand home services market growth during the next five years
  • Precise estimation of the online on-demand home services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online on-demand home services industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online on-demand home services market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The online on-demand home services market growth will increase by $4730.31 billion during 2020-2025.
The online on-demand home services market is expected to grow at a CAGR of 70.15% during 2020-2025.
Technavio has segmented the online on-demand home services market by service (Home care and design, Repair and maintenance, Health, wellness and beauty, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Alfred Club Inc., Amazon.com Inc., ANGI Homeservices Inc., AskforTask Inc.  , ByNext Inc., Helpling GmbH & Co. KG  , MyClean Inc.  , ServiceWhale Inc., TaskRabbit Inc., ServiceMaster Global Holdings Inc. are a few of the key vendors in the online on-demand home services market.
APAC will register the highest growth rate of 37.65% among the other regions. Therefore, the online on-demand home services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the online on-demand home services market growth are:
  • Advantages of online on-demand home services
The online on-demand home services market vendors should focus on grabbing business opportunities from the home care and design segment as it accounted for the largest market share in the base year.

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